Chipmaker Nvidia has just announced its third quarter 2023 business results. Accordingly, the company's revenue increased 206% compared to a year ago, to $ 18.12 billion. Net income reached $ 9.24 billion, up from $ 680 million in the same period in 2022.
Nvidia's data center revenue was $14.51 billion, up 279%. Half of that revenue came from cloud infrastructure providers like Amazon, with the rest coming from large enterprises and Internet companies.
The gaming segment contributed $2.86 billion, up 81%. Nvidia forecasts fourth-quarter revenue of $20 billion, up 231%.
Last quarter, Nvidia introduced the GH200 GPU, which has more memory than the H100 and adds an Arm processor. Despite its high price tag, the H100 has seen strong demand. The company revealed that Iris Energy, the owner of Bitcoin mining farms in Australia, bought 248 H100 GPUs for $10 million, or about $40,000 per unit.
Two years ago, PC gaming GPU sales were Nvidia's biggest source of revenue. Now, however, the bulk of its revenue comes from server farms.
The launch of OpenAI's ChatGPT chatbot in 2022 has many companies looking to integrate similar generative AI capabilities into their software.
As a result, demand for Nvidia’s GPUs has strengthened, and the company’s results remain upbeat despite competition from AMD and US export restrictions.
Raymond James analysts Srini Pajjuri and Jacob Silverman note that GPU demand continues to outpace supply as generative AI applications expand across verticals.
They predict Nvidia will still hold more than 85% of the market as generative AI accelerates in 2024.
Nvidia is looking to increase supply next year. Nvidia shares have risen 241% this year, beating the S&P 500's 18% gain over the same period.
In a letter to shareholders, Nvidia CFO Colette Kress mentioned a negative impact in the next quarter due to the impact of chip export restrictions to China and other countries.
The company expects sales to these locations to decline significantly, although this will be offset by strong growth in other regions.
She said she is working with several customers in the Middle East and China to seek US government approval for high-performance products.
Nvidia is trying to develop new data center products that are compliant with government policies and do not require licensing, but she does not think it will be meaningful in the fourth quarter of 2023.
(According to CNBC)
Source
![[OCOP REVIEW] Tu Duyen Syrup - The essence of herbs from the mountains and forests of Nhu Thanh](https://vphoto.vietnam.vn/thumb/402x226/vietnam/resource/IMAGE/2025/6/5/58ca32fce4ec44039e444fbfae7e75ec)
Comment (0)